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<br />�--,:�;":; _ � . Deed of Trust�
<br />— ���,.::; BANKS
<br />--=v-":'''�.r�iC*:
<br />_.���`�" ,��,.`..
<br /> '�'• ��`r�S THIS D�EO OF TRUST!s made ihls IdsteJ 19-18-1997 ,by�nd hetwsin �
<br />:�;'3:'�t;X:i
<br /> -V � & d PaX1'neY9t11� n 1��•�`••��b� n�.�norah�i
<br /> ='��x � whethsr on�or mon,(hw�lnaltsr c�/hd th�
<br />�"�'�.., '
<br /> °�'�:,t 'Tru.ttni'l,►Nhaae mailiny eddieta is
<br /> ?'.f:f�s'"S'.`' ,
<br /> --- �•-+ -'.;� �2d2 6aat nd Straet Grand Ieland� NF 6 8021674
<br />';'�"�f•';,.:��' , ,_,,,�_., sse,,,,�aF�on fh�rdnsf�r oall�d ths Tiust�� l,who:�ma!/!ny
<br /> . , • riorwBei ndnii ne3ui�fin�A�,2lq - -
<br /> �. • 7 ` addnsals�0 t;eat Th�rd �traet a dnd ieland NE 68A01 ,snd
<br /> r;;:
<br /> =�'w Kr, .. n�anr�a*�nn ,fhsrslnatbr c�llsd the'B�n��d�ry'1,who»
<br /> , . no�..oz nan �aF Nat�onal
<br /> 1`.� �i::' ' ms!/Iny�ddress Is�oz wasc rnird, at.-ea` __ Grand SelandT NE 68801
<br /> ;`�• ''�' W/TNESSETIM
<br /> '�iL.�
<br />-rt��"�:r�'� . IF TNlS BOX lS CH�CKED� THIS OEED OF 7RUS7 CONST/7U7ES A CONS7RUCTION SECURITY AOREEMENT UNDER THf NEBRASIrA
<br /> ^.;T_�,��.,' � CONSTRUCTION L/EN AC7AN0 CREATf.$ORANTS AND CONSTITUTES A CONSTRUCT/ON�fCUR/TY/NTfREST/N THEPROPfRTV
<br /> -, ••;�.; DESCRlBED HERE/NBELOW.
<br /> ����si�:
<br /> ~� �x WHEREAS,Tiustor is Indebted fo Ben�flc!»V!n tho pilnclpsl sum of
<br />"="--i•r;,"..����d� ...._...i nwe V..n�lrel'� 4flVAT Afld 29,1�0
<br /> --�--`��� '�[e Mu11on Nine i;Lndred ?n+rca.3:. :;,�,
<br />- Do/hro/1 4�3 107.29 l,whlch lndsbtedmss!s�vld�nced by Tiusta a piomissory note dsted ��-?9-?9?7 .
<br />_�s��.<�,n�. Z: � _
<br /> •k• =�� fherslnsfter eslled the 'Note'/,WYable to the order ot Beneflclsry md haviny e matwity of 02-0�- 006
<br /> :_.'r.��:�:;;
<br /> �. NOW,THfREfORE,for the purpose of securiny:
<br />=��ji'_1.W'` lo)piYmmt of the No% toD�ther wlth lntarast theraon,Nte charpes,prepryment p�na/t/sa,sny luturo sdwno�s,�nd dl sxt�nslona,
<br /> -�- �°, modiflcatlons,substitutlons end renow�ls heieof,
<br /> __:.�s,;;�:�1�, I6J paymont o/alf other sumr,leav or chaiyes,topethor wlth lnte�est thereon,�dvanced to proteot the ssaurlty o/thla D��d ol Tiusf�nd
<br /> _.,._._. .,. c:.
<br /> the pedoimance of the coven+nts end ayreements of Tiustor,whether or not set/o�th h�reln,
<br />__e�:��_" lo)p�donnsnce,dlschsr�e oi snd compllence w/th every term,covsnant,obUgallon and ayreement uf Tiustor cnnt�/n�d hsiNn or
<br />_��e:.-� /ncorporated by relerenc�oi eny other socwitylnatrument ot anytlms plvm ro a�ouro th�Nob,�nd
<br /> -�••��-��'� (d/the repayment ol e/1 other sums oi/uture sdvsnoes,wlth lnterest fhsison,which msy haetalois heve be�n oi h�reakN 6��dve►c�d by
<br /> --=��'=_`:i�� B�ns/lc/iry to Tivator or Tiuiror s suacessor in lnte�sst or tlt/a,
<br /> :���,-� d/of whlch la A�isln�ftsr co/%cNvs/y csl/sd ths'/ndsbbdnesa',Tiustoi Inevocabty y��nta end hsnslsrs to Tiusts�,!n t�ust,W/7N POWER OF
<br /> _;:_;�:� ,�.�� SALE,the lodowlnp descdbed properry: �
<br /> .�`��:?..J�
<br />_�"'=?� See Attached Exhibit '•A"
<br />- ri
<br />= .'?�.��:i�.:
<br /> _ `�.;,:�-
<br /> - togethor wlth(iJ all Lulldings sducturos,eddidons,enlaiyements,modifJceNons,�epabs,rop/�cwnants,end/mpravements now orhai�aftN
<br />` �-,,~ .;i: /ocabd th�rson, f!!I al/equlpment,m�chlnery end flxtures Unc/ud/ny,w/thout Nmlt�tion,Ul/lyhNny,hsstlny,ventllsUnp,cooHny,dr aondithnlnp,
<br /> '� '- spdnk/Inp end plumbinp flx�u�es,water end power systems,enylnes,bo!/ers,nnyss,ovens dlshwesh�rs,minaa and mant�ls, cup�tlnp,
<br /> ''-'�'" '� furmcss,o!l burno�s,elevstois Md motois,ieldgeiotlon plants or units,communlcallon systems, dynamos,bmsform�rs,sl�otilc�l oquipm�nt
<br /> -;�:,.
<br />-�'2�•�•���° � aturm�nd screon wlndaws,doo�s, ewnlnys snd shsdesl now or hereafter etteched to,or bu/1t ln, eny bu!ldiny Jmprovsmsnt a lmprovNn�nt
<br /> �,,�;.,,... :
<br /> •. �. now or hsreslter/oated thereon,/!1!I a!/easementa snd rlphts of wey sypwtenant theieta, flvl i��leaseho/d est�t�,ilpht tltle ond lnbr�st of
<br /> ;��`"'�` `� Tiustor in snd to d!lsas�s,whethei now oi heieeftei exlstlnp or ente�ed/nto!!ncludinp,wlthout/Imltst�on,s/I caih end securlty d�paslts,
<br /> �,, "� '"�° adwnce iente/s and depoalta o�pa yments ol a sfml/sr naturel,pertelnlny thereto,/v!e!/rents,lasues,proflts and income thaNiom isubj�ct to
<br /> -- - the�fyht oI Tiustor to collecf end oppry such rents,lssuos,p�o/its and incame is thoy become due and psyab/e so lony as no event o/dsl�ult
<br /> • . ex/sts hereundsrl,fvll a//roya/t/es, mineral,0!1 and pas rlyhts and p�oflts,wster,weter r/yh�s,end wster stock,(v!!I dl tenemenro,
<br /> � �, hersditements,priviloges end eppuitenances be/onyiny,used oi en/oyed In connect/on therowith, end/v!/!/sl!proceeds ol conve�slon,voluntary
<br /> or/nvoluntery,of eny of the forepolny lnto cesh a•llquid�ted cl�lms pnc/udlnp,w/thout limltetlon,proceeds of lnsursnce snd condemnstlan
<br /> ewerdsl,ell of whJch is he�eineRer co/lective/y celled the'Tiust Property'.
<br /> TO PROTECT THE SECURITY OF TH/S OC•ED Of TRUST, TRUSTOH COVENANTS AND AOREES AS fOLLOWS:
<br /> 1. rkM. Tiustor covenanta,warrents and egroas with 8eneflciary!ts successois end esclyns,rhot Tiustor owns tho Trusf Property fiee finm any
<br /> prlor I/en a encumbrsnve,that this Deed of Tiust is and w!/!remaln e velld end ertlorceable firat/lon on the Tiust Pioparty that Tiustar,et Its
<br /> expense,wi//preserve such title and w!!/maintein th/s Doed of Tiust es e firat end paremorint lien upon the Tiust Property end wil/forever
<br /> wensnt end defond the validity end pNoriry o/rhe lien hereof eya/nst the c!alms of al!persons and perlles whomroevor. Tiustc��t!ts expense,
<br /> w/I/ceuse thls Deed of Tiust, and each emendment or supplement he�eto,to bo li/ed end recardod as a mortgaye of the Tiust P�'opeity/n such
<br /> menner and in such p/ece and will teke such ecHon es/n the opinron of Tiustee may be roquired by eny present or future law li+order to psrfect,
<br /> - me/ntetn end protect fhe llen ol�his lJeed o/Yrust,es the same may be amended oi supplomented/rom tlme to t/me. T�usror wlll make such
<br /> further essurence or assurences to perfect its title to the Tiust Property es may be iequlred by Benel/clary Trusro►�ereDy ielHiquunes an npni oi
<br /> dower end homestead in anrl to fha Trust Pioperty.
<br /> 2.P�ym�nt u/lndebtednsr. Tiustor sholl punetua/fy pny tha principa!01 end inte�est on the /ndebfedness securod hereby.
<br /> . 3. Coiutwct/on o!lmprovNn�nlr. Trustor shel/completo in yood and woikmanlike mannor en y build/ngs,lmpiovements oi ropairs releUny
<br /> � theieto whlch muy bo begun on tho Trust Proporty or contompleted Gy tho/oan ovidenced by the Note socurod hnroby,to pay when due al/
<br /> costs and liabilifies incurred thereforo,and not to pe�mit sny construction lio»epainst such Tiust P�operty.In tho ovent consbuction ol
<br />" J bu!ldlnys,lmpiovemonts or rvpairs aro cantemplatod, Trustor also ogress enythlnp!n this Doed of Tiust to ths contrery nonvithstendrny;/aJ to :
<br /> promp�/y commonce ony sucir work end to competn tho proposed/mprovnmAnts prompily, (h�m CA/�1nIRf9 N18 RAIpP Ifl BCCOf0�8fIM WI�II�A9
<br /> p/ens and speclfications as approved by Bene/iciary, (cJ to comply witlr all tho terms of a building loen eg�eement,il any,between Tiustor and
<br /> Bonellc/ery,the terms o1 whlch ero inco�porotod hero.'n by re%ronco and made o part horoof,fd/to o/low 8enof/ciery to inspoct the Tiust
<br /> ' Proporty st e/I times during consirucfion,end(al to roplaco any wo�k or meterie/s unsrrtisloc�ory to Baneliciary within lilfeen lfGl days eJter
<br /> wr/tten notico/rom Bono/icieiy of such lact.
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